Reply to Is an oral right of first refusal to a friend enforceable?

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[quote=Anonymous]An oral agreement can be enforceable. However, when my Mom died my Italian Neighbors son was getting married. She wanted house for son. Said please give me right of first refusal when you get top bid I can pay cash. All Oral but we knew her since kids. When I did realtor listing I told agent my neighbor kid wanted it. He said sure. If they top highest offer I will charge you only 1 perent. You only house free and clear and they are paying cash. Just cut me check for my time but your lawyer does settlement. I am not involved.

I said fine. Turns out we had a bidding war. My agent was only charging us 3.5 percent. We went to neighbor and said you can have it at 2.5 percent less than top price if you want.

She then asked what top bid was, she almost fell down. She then said but I can do cash. I said we have cash, as is, no inspection right now and guy can give us 10 percent down today but checking with you first. Turns out she wanted it for $50K below list price and offer was $35k above list price. She said no very quickly.

I thought we were honest.

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